Torstone Technology’s Inferno exceeds 1 million transactions per hour for post-trade processing
London, 11 June — 2013 — Torstone Technology, providers of securities and derivatives processing software to the global financial markets, recently showed that their Inferno back office system is capable of processing 1 million transactions per hour.
Working at Arrow Electronics Inc’s Oracle-authorised solution centre in the City and utilising the Oracle Exadata machine, Torstone Technology’s tests were focused on equities and bonds to represent typical asset classes for a high volume business. The results gave a range of 240 to 300 transactions per second.
Brian Collings, chief executive of Torstone Technology said: “Tier 1 investment banks are asking what the upper limit of Inferno’s performance is. We knew it was capable of very high volumes because we run all of our environments on a range of commodity hardware and had never reached the application’s limit, even with large clients. We took advantage of Arrow’s Oracle expertise and Exadata infrastructure, allowing us to understand how Inferno operates at high transaction volumes.”
Arrow’s Oracle Exadata machine ran Oracle 11g Enterprise on x64 Linux with a single virtual machine application server on a shared host (limited to 8 cores of an AMD Opteron with 64 GB RAM).
Amrik Thethi, Chief Technology Officer of Torstone technology commented: “Our detailed analysis of the results revealed areas where we can optimize further to push the raw performance even higher and deliver even better price performance to our customers”.
About Torstone Technology www.torstonetechnology.com
Torstone is a leading global provider of cross-asset securities and derivatives post-trade processing technology. Torstone’s cloud-based, award-winning platform is fast, flexible and future-proof. It enables global financial firms to reduce their total cost of ownership, achieve greater control, minimise risk, and drive operational efficiency. Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, Torstone offers agile, secure, scalable, and cost-effective solutions.
Torstone Technology is headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.